Hong Kong’s airport has reported a 16.8 per cent decline in net profit to HK$2 billion (US$255.16 million) for the 2025-26 financial year, with the management citing a significant rise in expenses driven by the third runway’s operating costs and last year’s aircraft salvage operation.
In its annual report released on Wednesday, the operator of Hong Kong International Airport (HKIA) said revenue grew 11 per cent year on year to HK$18 billion for the period ending March 31.
Passenger throughput, aircraft movements, cargo and airmail volumes all saw growth ranging from 2.7 per cent to 14.7 per cent despite ongoing geopolitical trade tensions, the Airport Authority said.
“With the three-runway system commissioned in November 2024, the progressive activation of the expanded Terminal 2, and key components of Skytopia advancing, HKIA is entering a new phase of development,” chairman Fred Lam Tin-fuk said.
“Guided by prudent governance, long-term planning and close alignment with national priorities and regional development, I am confident that HKIA will continue to serve Hong Kong as a resilient, competitive and future-ready international aviation hub.”
The HK$141.5 billion three-runway system, which debuted in 2024, is designed to boost the airport’s capacity and competitiveness.